iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 52-Week High – Time to Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $389.84 and last traded at $389.04, with a volume of 613572 shares. The stock had previously closed at $380.02.

iShares Russell 2000 Growth ETF Price Performance

The company’s 50 day moving average price is $366.40 and its 200 day moving average price is $343.52. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PVG Asset Management Corp purchased a new stake in iShares Russell 2000 Growth ETF during the 1st quarter valued at about $163,000. FAS Wealth Partners Inc. increased its holdings in shares of iShares Russell 2000 Growth ETF by 4.6% in the first quarter. FAS Wealth Partners Inc. now owns 3,235 shares of the exchange traded fund’s stock valued at $1,015,000 after purchasing an additional 141 shares during the period. Parallel Advisors LLC raised its stake in shares of iShares Russell 2000 Growth ETF by 6.7% in the first quarter. Parallel Advisors LLC now owns 3,207 shares of the exchange traded fund’s stock worth $1,007,000 after purchasing an additional 201 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of iShares Russell 2000 Growth ETF by 100.1% in the first quarter. Optiver Holding B.V. now owns 16,503 shares of the exchange traded fund’s stock worth $5,179,000 after purchasing an additional 22,775,700 shares during the last quarter. Finally, First Nebraska Trust Co purchased a new position in shares of iShares Russell 2000 Growth ETF in the first quarter worth about $216,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

About iShares Russell 2000 Growth ETF

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.